Takaful Oman Insurance SAOG: Business Overview, Financials & Competitive Analysis
Takaful Oman Insurance SAOG scores 7/10 on the AskCyborg Cyborg Score (Solid). Growth-stage Islamic insurer with market leadership in underserved Oman segment, demonstrating profitability recovery and capital strength through innovative Sukuk instruments. Takaful Oman demonstrates solid fundamentals with revenue growth of 14.26% in 2024, recognition as Oman Insurer of the Year 2024, and successful capital market access through perpetual Sukuk.
What is Takaful Oman Insurance SAOG's industry? Takaful Oman Insurance SAOG (takafuloman.om) operates in Islamic Insurance (Takaful) / Financial Services. AskCyborg classifies Takaful Oman Insurance SAOG under Islamic Insurance (Takaful) / Financial Services in its company registry.
Takaful Oman Insurance SAOG is Oman's first fully-fledged Islamic insurance provider, operating as a public company listed on the Muscat Stock Exchange. The company offers Sharia-compliant takaful products across gene...
Cyborg Score thesis
Growth-stage Islamic insurer with market leadership in underserved Oman segment, demonstrating profitability recovery and capital...
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Get Current Report FreeTakaful Oman Insurance SAOG Overview
Pro stress-test →Takaful Oman Insurance SAOG is Oman's first fully-fledged Islamic insurance provider, operating as a public company listed on the Muscat Stock Exchange. The company offers Sharia-compliant takaful products across general and family insurance segments, including motor, medical, property, marine, and group insurance plans.
Strategic Profile
Pro stress-test →The company is strategically positioned as the pioneer in Oman's Islamic insurance market with a diversified product portfolio across Motor, Non-Motor, Medical, and Family segments. Recent capital raising through Sukuk issuance (OMR 6 million in January 2026) demonstrates strong market confidence and commitment to sustainable growth and regulatory capital strengthening.
Competitive Landscape
Pro stress-test →Takaful Oman operates in Oman's Islamic insurance segment where it holds first-mover advantage as the sole full-fledged takaful provider. Traditional competitors include conventional insurers adapting to Sharia compliance and other regional Islamic insurance providers. The market is relatively underpenetrated, offering significant growth opportunity as Oman's economy expands.
Industry Context
Takaful Oman Insurance SAOG operates in Islamic Insurance (Takaful) / Financial Services.
Key facts
Headquarters: Muscat, Oman · Employees: 94 · Revenue: $40.21M